This property is located in Stoke-On-Trent city centre known as Hanley.
Hanley is having major regeneration works and improvements asmost cities are areounf the UK
To share a few
Hilton hotel have recently finished a 120 bed 4 star hotel
There is a multiple scheme happening next to the hilton hotel.
1) office complex complete ( smithfield)
2) council owned 11 story tower block
3) A secondary office block
4) Multi story carpark is in plans
lots lots more
3500 seater arena, giging ares, more coffee shoips, conference centre etc
Like most areas there are all bad in good areas as well
Lets talk about this property
This was a purchase of a row of 4 properties the investor sourced and purchased there self then came to us to carry out the renovation works
Originally was 2 x 1 bed flats with historical use as flats
WHAT WE DID ?
We did a full back to brick renovation, and converted the upstairs to a 2 bed flat and the downstairs to a 1 bed flat.
PURCHASE PRICE: £53,500
RENOVATION COST: £55000
GROSS RENTAL PA: £12000
End Value – £110,000
CHECK OUT THE BEFORE AND PHOTOS